Dear Sir,

we are just make a HUF and going to trading of computer. company name should be XYZ HUF OR CAN BE XYZ ONLY.

2. After Death of Karta who will be karta, HUF is dissolve or new KARTA IS HIS SON,
3. IF FIRM WILL DISSOLVE THEN WHO WILL HEAND HOVER ASSETS AND LIABILITY.

during the year our company chandged the method of depreciation from WDV to SLM. Due to this, there was a depreciation writtern back (which is more than the current year depreciation). on account of this the income (i,e writtern back) is substantial. How we should present the same in the face of the profit and loss account.

Note
The reversal is almost double the current year depreciation.
Regards
P.Mohanraj

during the year our company chandged the method of depreciation from WDV to SLM. Due to this, there was a depreciation writtern back (which is more than the current year depreciation). on account of this the income (i,e writtern back) is substantial. How we should present the same in the face of the profit and loss account.

Note
The reversal is almost double the current year depreciation.
Regards
P.Mohanraj

We was purchase an asset worth rs.1,00,000.00
The Vendor Grant Us Rs.50000/- as a 10 installments of Rs.5000/- each

Vendor setoff this instalment amount in our bill (he provide us AMC service)

What Should We Tretment About this transaction in regard to depriciation & Book Expenses.

Whether the asset fully depreciated and the asset existed on the date, to be removed from the asset register or can it be continued in the register as assets.
And if the asset is discarded or worn out due to time factor, has to be removed from asset register, its depreciation is till to be claimed?

Dear Sir Plz help me how should i take entery in my office contrct salary will issue Rs 50000 for X agency in that Rs 1000 deducted for TDS on 15.2.09 But TDS Amount Remited on 22.2.09 to Bank i have taken in cash book on 15.2.09 contract Salary A/c dr Rs 49000 to Bank A/c & TDS Payable A/c Dr 1000 to Bank A/c 1000 is it wirte plz give example

Dear Sir Plz help me how should i take entery in my office contrct salary will issue Rs 50000 for X agency in that Rs 1000 deducted for TDS on 15.2.09 But TDS Amount Remited on 22.2.09 to Bank i have taken in cash book on 15.2.09 contract Salary A/c dr Rs 49000 to Bank A/c & TDS Payable A/c Dr 1000 to Bank A/c 1000 is it wirte plz give example

Dear Sir Plz help me how should i take entery in my office contrct salary will issue Rs 50000 for X agency in that Rs 1000 deducted for TDS on 15.2.09 But TDS Amount Remited on 22.2.09 to Bank i have taken in cash book on 15.2.09 contract Salary A/c dr Rs 49000 to Bank A/c & TDS Payable A/c Dr 1000 to Bank A/c 1000 is it wirte plz give example

Standard hour for manufacturing two products M & N are 15hrs/unit & 20 hrs/unit respectively.Both products require identical kind of labour and standard wage rate per hour is Rs.5.In the year 2006, 10000 units or M & 15000 units of N were manufactured. The totals of labour hour actually worked were 450500 and actual wages bill cameto Rs.2300000.This include 12000 hours paid for @ rs.7/hrs and 9400 hours paid for rs.7.50/hrs, the balance had been paid at rs.5/hrs.Calculate labour rate variance,labour efficiency variance, labour cost variance

HOW IS WORKIG CAPITAL IS CALCULATED